View from one of the Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale condos for sale

Ocean Summit Condos

Ocean Summit
Galt Ocean Mile Condos

Welcome to my June 2018 / July 2018 post on Ocean Summit Galt Ocean Mile condos for sale Fort Lauderdale.

Fort Lauderdale condos for sale here in Ocean Summit offer direct oceanfront units set right on the Galt Ocean Mile Beachfront.

 

Search Ocean Summit Condos for Sale

 

Currently there are 3 condos for sale here in Ocean Summit, and there have been 5 sales over the last 12 months

3 units are currently pending sale – all 2 bedroom condos! 

In this post we discuss units for sale, new listings, pending sales and also recent sales prices, sales prices by bedroom & sales prices per sq ft. 

We also discuss how long units are taking to sell (called days on market) – and how much buyers are paying for units (sales prices to list price %) as well as the highest prices paid for both 1, 2 and 3 bedrooms units over the last 6 and 12 months!

We also compare recent sales trends in Ocean Summit – Important information for both buyers and sellers!

Ocean Summit
Galt Ocean Mile – Key Statistics
Ocean Summit Condominium Apartments, Condominium complex in Fort Lauderdale, Florida
Address: 4010 Galt Ocean Dr, Fort Lauderdale, FL 33308

Condos for Sale

  • Prices from $278,800 – $449,000

Median Prices

  • Median List Price $379,000
     – 1 Bedroom 1 Bathroom Unit 
  • 5 Sales Last 12 Months
  • Median Sales Price $379,000
    – 2 Bedroom 2 Bathroom Unit
  • Sales Price to Sq Ft Price $252.00
  • Sales to List Price 95%
  • Days on Market 145 Days
View 2 bedroom Galt Ocean Mile condo for sale Ocean Summit - Unit 810
View 2 bedroom Galt Ocean Mile condo for sale Ocean Summit – Unit 810

Ocean Summit
Condos for Sale

There are 3 x Ocean Summit Galt Ocean Mile condos for sale here in Fort Lauderdale Florida.

This is down from the 5 x condo units for sale as in our last post on Ocean Summit for April 2018 / May 2018!

Our market analysis report for these 3 units is presented below.

BEDS / BATHS LA LP$
Min 1 / 1 940 $278,800
Max 2 / 2 1200 $449,000
Avg 2 / 2 1080 $368,933
Median 2 / 2 1100 $379,000

We can see from this report that the average price for Fort Lauderdale condo for sale in Ocean Summit is $368,933 – this being for a 2 bedroom 2 bathroom unit!

We can also see that the median price for Fort Lauderdale condo for sale in Ocean Summit is $379,000 – this being for a 2 bedroom 2 bathroom unit!

In our last post the median price for a condo for sale in Ocean Summit was $315,000 – this being for a 1 bedroom 1 bathroom unit.

In our prior post the median price for a condo for sale in Ocean Summit was $352,000 – this being for a 2 bedroom 2 bathroom unit.

A useful gauge of pricing for Ocean Summit condos for sale is to review current list prices by bedroom – which we do below.

Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale
View of Ocean Summit 4010 Galt Ocean Drive Fort Lauderdale from Galt Ocean Mile beach!

Median Prices
By Bedroom

Here is our market summary report for median prices by bedroom for Ocean Summit Galt Ocean Mile condos for sale.

BEDS / BATHS LA LP$ LP$/SqFt
1 / 1 940 $278,800 $297.00
2 / 2 1150 $414,000 $362.00

We can see from this report that the median price for:

  • 1 Bedroom Ocean Summit condos for sale  is $278,800 – this being for a 1 bedroom 1 bathroom unit of 940 square feet with a list price to square foot price of $297.00 – In our last post the median price was higher at $315,000 – this being for a 1 bedroom 1 bathroom unit of 940 square feet with a list price to square foot price of $371.00
  • 2 Bedroom Ocean Summit condos for sale is $414,000 – this being for a 2 bedroom 2 bathroom unit of 1150 square feet with a list price to square foot price of $362.00 – In our last post the median price was higher at $439,500 – this being for a 2 bedroom 2 bathroom unit of 1290 square feet with a list price to square foot price of $369.00
  • Currently there are no 3 Bedroom Ocean Summit condos for sale is  – However in our last post when 3 bedroom units were offered for sale the median price for 3 Bedroom units was $529,500 – this being for a 3 bedroom 2 bathroom unit of 1520 square feet with a list price to square foot price of $348.00

Kevin Wirth Fort Lauderdale Realtor

Buying / Selling?
Call Me Today!

Kevin Wirth P.A. – Realtor
Galt Ocean Mile Specialist
954-459-0337

Email: kevinsellsmore @gmail.com

Click here to email me now

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View Galt Ocean Mile New Listings

View Galt Ocean Mile condo pending sale Ocean Summit - Unit 514
View Galt Ocean Mile condo pending sale in Ocean Summit Fort Lauderdale – Unit 514

Ocean Summit
New Listings

There has been no new listing of a Ocean Summit Galt Ocean Mile condo for sale over the last 30 days

In our last post for April / May 2018 there was just 1 new listings of a condo for sale this being Unit 1616 a 1 bedroom Ocean Summit condo which was offered for sale at $294,900

Ocean Summit
Pending & Recent Sales

Here are the reports for pending sales and sales of condo over the last 6 months.

Ocean Summit
Pending Sales

There is currently 3 x condos units pending sale here in Ocean Summit Galt Ocean Mile – all of these are 2 bedroom units.

This is up from just 1 unit pending sale as in our last post – also a 2 bedroom unit!

Our market analysis report for these 3 units is presented below:

CONDO BEDS / BATHS LA LP$
Unit 105 2 / 2 1100 $420,000
Unit 612 2 / 2 1200 $355,000
Unit 514 2 / 2 1290 $329,000

We can see from this report that:

Unit 105 a 2 bedroom Ocean Summit condo listed for sale for $420,000 is now pending salethis 2 bedroom 2 bathroom 1100 square foot unit has a list price to square foot price of $382.00

This Galt Ocean Mile condo is a fully renovated unit with an amazing South East view of the ocean and pool area. The unit has an elevated private balcony that gives you a beach house feel.

Unit 105 features: an open kitchen with granite counter tops, a custom pantry and stainless steel appliances.   There is wood style tile throughout the living area and the bathrooms are fully renovated. 

Unit 612 a 2 bedroom Ocean Summit condo listed for sale for $355,000 is now pending salethis 2 bedroom 2 bathroom 1200 square foot unit has a list price to square foot price of $296.00

This Galt Ocean Mile condo is a great corner unit and is in the only stack with 2 full windows in dining area. The condo offers nice ocean & city view and has a large open balcony.

Unit 612 features 18″ tile throughout, an open kitchen fully applianced and there is a washer/dryer in unit.  The condo has high impact windows and door.

Unit 514 a 2 bedroom Ocean Summit condo listed for sale for $329,000 is now pending salethis 2 bedroom 2 bathroom 1290 square foot unit has a list price to square foot price of $255.00

This Galt Ocean Mile condo is a 5th floor condo that has been meticulously cared for.

Unit 514 features an open kitchen with newer cabinets as well as impact windows and balcony door.  There is an ocean view from the large balcony

View 2 bedroom Galt Ocean Mile condo sold Ocean Summit Fort Lauderdale
View 2 bedroom Galt Ocean Mile condo sold Ocean Summit Fort Lauderdale

Ocean Summit
Sales Last 6 Months

There have been just 1 x Fort Lauderdale oceanfront condo sold in Ocean Summit over the last 6 months – this sale was condo unit 916 a 1 bedroom unit which sold for $230,000 (see more on this sale below)

This is down from 3 condos sold in Ocean Summit over the preceding 6 months as in our last post for Feb / March 2018.

Ocean Summit
Sales Last 12 Months

There have been 5 x Fort Lauderdale oceanfront condos sold in Ocean Summit over the last 12 months

The market analysis report for these 5 sales is presented below.

BEDS / BATHS LA SP$
Min 1 / 1 940 $230,000
Max 2 / 2 1290 $450,000
Avg 2 / 2 1112 $306,440
Median 2 / 2 1190 $300,000

We can see from this report that the average sales price for a condo sold in Ocean Summit over the last 12 months has been $306,440 – this being for a 2 bedroom 2 bathroom unit of 1112 square feet.

We can also see that that median price for a condo sold in Ocean Summit over the last 12 months has been $300,000 – this being for a 2 bedroom 2 bathroom unit of 1190 square feet

Note:  the highest price paid for a unit sold at $450,000 – this being for a 2 bedroom 2 bathroom condo!

Median Sales Prices
By Bedroom

Here is our market summary report showing median sales prices by bedroom for Ocean Summit Galt Ocean Mile condos sold over the last 12 months.

BEDS / BATHS LA SP$ SP$/SqFt
1 / 1 940 $230,000 $244.00
2 / 2 1200 $322,200 $269.00

We can see from this report that the median sales price for:

  • 1 Bedroom Ocean Summit condos sold has been $230,000 – this being for a 2 bedroom 2 bathroom unit of 940 square feet with a sales price to square foot price of $245.00.
  • 2 Bedroom Ocean Summit condos sold has been $322,200 – this being for a 2 bedroom 2 bathroom unit of 1200 square feet with a sales price to square foot price of $269.00.

Square Foot Prices
Condos Sold

Here is our market summary report showing square foot prices paid for Ocean Summit condos sold over the last 12 months.

SP$/SqFt
Min $245.00
Max $349.00
Avg $272.00
Median $252.00

We can see from this report that the median price paid per square foot for a condo sold in this complex over the last 12 months has been $252.00 per square foot!

Also important to note is the highest square foot price paid at $349.00!

% Sales to List Price

An important real estate indicator is how much are buyers are paying for Ocean Summit Galt Ocean Mile condos for sale – we can gauge this based on the percentage of sales price to list price paid by buyers.

The market analysis report for this is presented below

SP$/LP$
Min 92%
Max 97%
Avg 95%
Median 95%

We can see from this report that BOTH the average and median sales price to list price for condos sold here in Ocean Summit  has been 95%

This means if a Fort Lauderdale Condo for sale here in Ocean Summit is listed at $300,000 – then based on MLS median sales data the condo could be expected to sell for 95% of that amount or $325,000.

Days on Market

Days on market for Ocean Summit Galt Ocean Mile condos for sale is an important indicator on how the strong demand is for condos for sale in this Galt Ocean Mile condominium.

Here is the market analysis report for Days on Market based on Condo sales over the last 12 months.

DOM
Min 38
Max 180
Avg 119
Median 145

We can see from this report that the median days on market for Fort Lauderdale condos for sale here in Ocean Summit has been 145 days – or just under 5 months!

Days on market is the time from when the Condo was listed for sale till the Condo sold AND closed

Ocean Summit Club
Condo Sales Itemized

Here is the data for each of the condos sold over the last 12 months here in Ocean Summit!

CONDO BEDS / BATHS LA SP$
Unit 1706 2 / 2 1290 $450,000
Unit 614 2 / 2 1200 $322,200
Unit 412 2 / 2 1190 $300,000
Unit 1516 1 / 1 940 $230,000
Unit 916 1 / 1 940 $230,000

We can see from this report the details for both the condos sold – including the most expensive sale over the last 12 months, which was for Unit 1706 a 2 bedroom unit which sold for $450,000.

Unit 1706 is a 2 bedroom 2 bathroom 1290 square foot direct oceanfront condo and sold with a sales price to square foot price of $349.00

Unit 1706 sold for 97% of its list price and had 158 days on market or just over 5 months!

Kevin Wirth Realtor outside Galt Ocean Mile condominiums

My Thoughts / Summary

Ocean Summit Galt Ocean Mile condos for sale are units set in a great complex set right on the beach here on Galt Mile in Fort Lauderdale.

I am very pleased to report that sales activity has really picked up over the last 6 months – with 3 units now pending sale.

This is very encouraging after what had been previously a very slow period for sales!

I hope you have enjoyed my post on Fort Lauderdale Condos for Sale here in Ocean Summit

Kevin Wirth Realtor


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